Trade finisher Key Print Finishing appears to have closed its doors.
PrintWeek understands the Wellingborough, Northamptonshire-based business closed its doors several weeks ago. Phone lines appear to be disconnected and the business is listed on Google as being permanently closed.
According to several sources, the business had been experiencing cashflow problems for around a year prior to its closure. However, according to Companies House, the company, which lists Ryan Bull and Stephen Henman as directors, is still listed as 'active' with no insolvency practitioners apointed at the time of writing.
The business, which is registered at Unit 7 Everitt Close, Denington Industrial Estate, Wellingborough, Northants NN8 2QE, currently has four outstanding charges, dating from 2002 to 2012.
PrintWeek contacted printers on the Denington Industrial Estate, all of which were aware of its closure but did not have any more details.
In its most recent accounts for the year to 31 August 2016, the business owed creditors £431,417 within a year and £170,339 after one year. It had a net book value of £423,504, a fall of 17% on the previous year’s figure, and tangible fixed assets of £1,091,105.
According to its website it offered a variety of finishing services to the UK's printing, graphics and stationery sectors, including perfect binding, digital PUR binding, wire-binding, folding and cutting. Its plant list includes a Horizon BQ-470 PUR binder, a Horizon three-side trimmer, two MBO folders, three JBI BC70 wire-o binders, a Setmaster collator and a Polar 115 guillotine.